HORSHAM, Pa.--(BUSINESS WIRE)--The Penn Mutual Life Insurance Company (Penn Mutual) is pleased to
announce the election of former executive vice president and president
of TD Insurance, William C. (Bill) Goings, and former president and
chief operating officer of AlliedBarton Security Services, Carol J.
Johnson, to the company’s Board of Trustees. Goings will join the board
effective July 1, 2018, and Johnson beginning January 1, 2019.

Goings is a successful board level executive with extensive business
leadership in the financial services industry including banking and
insurance. He is currently a director and member of the audit, corporate
governance and nominating committees at TrueBlue (NYSE: TBI) in Tacoma,
Washington. TrueBlue is a leading provider of specialized workforce
solutions that help clients create growth, improve efficiency and
increase reliability in a variety of industries.

Johnson is an accomplished c-suite executive with more than 25 years of
experience with profit and loss responsibilities for multibillion-dollar
public and private firms. She has experience in building and executing
growth strategies for companies in a variety of industries with
specialized expertise in talent management and client experience. Carol
currently serves on the Board of the Federal Reserve Bank of
Philadelphia.

Goings and Johnson join a company which has overseen seen rapid growth.
Penn Mutual entered the Fortune Top 1,000 list of American companies in
2015 at number 980. The company has continued to grow each year and has
now elevated its ranking to number 761 in 2017.

Eileen McDonnell, chairman and CEO of Penn Mutual, believes that Goings’
and Johnson’s professional experience will be significant assets for the
board and the company as a whole. “At Penn Mutual, our associates have
continued to deliver great value to our customers for over 170 years.
Bill and Carol bring tremendous business experience that will help
position us for even greater success in the future,” says McDonnell.
“They join an already impressive and talented group of leaders serving
on Penn Mutual’s board.”

About The Penn Mutual Life Insurance Company

Since 1847, Penn Mutual has been committed to helping people live life
with confidence. At the heart of this purpose is the belief that life
insurance is central to a sound financial plan. Through our network of
trusted advisers, we are dedicated to helping individuals, families and
businesses achieve their dreams. Penn Mutual supports its advisers with
retirement and investment services through Hornor, Townsend & Kent, Inc.
Registered Investment Advisor and wholly owned subsidiary. Member
FINRA/SIPC. We are proud to work together in a values-driven and
relationship-based culture. Visit Penn Mutual at www.pennmutual.com.